Alexander Kokhanovskyy Withdraws as Co-Owner of ESforce Holding

Alexander Kokhanovskyy has stepped down as ESforce Holding’s co-owner to comply with WESA’s conflict of interest rules. Natus Vincere’s founder and former general manager co-founded ESforce two years ago, together with Anton Cherepennikov, but multi-ownership prevention regulations forced him to exit the esports investing firm, formerly known as Virtus.pro Group.

Kokhanovskyy co-founded ESforce two years ago, but multi-ownership prevention regulations forced him to exit the esports investing firm.

With Kokhanovskyy still being ESforce’s co-owner, however, and even though he had stepped down as the group’s CCO, the ties between the company and Na’Vi still existed. Thus, the Ukrainian businessman decided to leave the group. “Kokhanovsky is planning on focusing entirely on developing his own projects, such as the esports recruiting platform DreamTeam,” the company’s statement reads, emphasizing that “neither this project nor Alexander Kokhanovskyy’s other activities are in any way connected to the ESforce esports holding and its other shareholders.”

Kokhanovskyy is no longer involved with ESforce personally, although DreamTeam is working with one of ESforce’s teams—last December it announced a partnership with SK Gaming “to collect data and insights gathered by SK Gaming during the last 20 years.”

The conflict of interest issue was also addressed by Kokhanovskyy himself. In his farewell statement he said: “This [DreamTeam] is what I’m fully focused on at the moment, and in order to avoid a conflict of interest when working with professional teams, players, and tournaments, I have decided to withdraw as an ESforce shareholder. A decision of this sort is a good example of business ethics in esports which will benefit the entire esports community.”

Kokhanovskyy acknowledges that leaving ESforce Holding is a good example of business ethics. He was, however, for two years, involved with Na’Vi, Virtus.pro, and SK Gaming and co-founded their parent company knowing that this might raise conflict of interesting issues.

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